> people get kicked out of their homes once the land value increases too much This is already possible with property taxes. FTA the city claims that 97% of ho

> people get kicked out of their homes once the land value increases too much This is already possible with property taxes. FTA the city claims that 97% of homeowners will see a reduction in taxes. Typically, LVT is highest in areas more central to the city (think downtown) and lowers as you move outwards. This means that, for example, a multitenant strip mall neighboring an Arby’s on a plot of the same size will pay similar amounts of tax. With property tax, the strip mall would be paying significantly more in taxes even though it is a more productive use of land because the development has more value to its owner.